Barry Ferguson is the odds-on favourite to replace Philippe Clement as Rangers manager.
The club icon has gone from a contender for the role to the clear frontrunner with Sky Bet pricing the former captain at 1/2 to take over for at least 10 competitive matches.
It's expected Rangers will appoint a caretaker manager to look after the first-team until the end of the season after dismissing Clement over the weekend.
The Ibrox side are in talks over a takeover from 49ers Enterprises - who hold shares in Leeds and own the San Francisco NFL franchise - while a hunt for a sporting director is also underway.
For that reason, Ferguson could be viewed as a safe appointment for the interim period with Sky Bet making him the clear favourite for the position either permanently or for beyond the ten-game threshold for betting purposes.
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Last night, Steven Gerrard had been the frontrunner with bookmakers but he has now drifted from 4/1 to 10/1.
Assistant manager Issame Charai - who led Rangers training today - is priced at 10/3 to lead the side after Clement's departure.
Former Southampton boss Russell Martin is at 10/1 alongside Gerrard.
Steven Davis is further back at 16/1 with Sean Dyche and Derek McInnes outsiders for the role at 25/1.
Next Rangers manager odds
Barry Ferguson 1/2
Issame Charai 10/3
Steven Gerrard 10/1
Russell Martin 10/1
Steven Davis 16/1
Sean Dyche 25/1
Derek McInnes 25/1
Temporary or caretaker managers in charge for 10 competitive games will be deemed permanent and settled as a winner. Others on request.
